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VietJet Air and Jetstar Pacific plan more international expansion in 2015

Analysis

VietJet Air and Jetstar Pacific are planning more international expansion in 2015 as both Vietnamese LCCs continue to rapidly expand their fleets. VietJet is looking at Indonesia, Malaysia, Japan and Russia while Jetstar Pacific will focus on North Asia.

VietJet has expanded rapidly since its Dec-2011 launch and is now about double the size of Jetstar Pacific. VietJet is poised to complete two major milestones in Nov-2014 as the carrier takes the first of at least 63 A320 family aircraft that were ordered in early 2014 and launches its first overseas joint venture, Thai VietJet Air.

Jetstar Pacific meanwhile is accelerating the pace of its expansion as it adds three A320s in 4Q2014 and at least two more aircraft in 2015. Jetstar Pacific also completed a milestone on 27-Oct-2014, when it launched its first scheduled international route - Ho Chi Minh to Singapore.

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